Sensex Ends Higher As European Markets Recover

Benchmark indices ended the day higher, following strong gains across European markets. The Sensex ended the day higher by 216 points, while the Nifty ended the day with gains of 72 points.

Leading the set of gainers was heavyweight banking stock ICICI Bank, which saw a rally of 3 per cent. Other gainers from the space were State Bank of India.

FMCG major ITC, which is an index heavyweight also saw buying support and ended with gains of near 3 per cent.

Shares in ONGC rallied, despite a slump in crude prices to a 14 year low. The stock ended the day with gains of near 3 per cent.

Sun Pharma slumped after the US FDA issued a warning letter to the company for its Halol Plant. The stock ended the day lower by almost 5 per cent in trade.

Midcap stocks saw good buying interest with IGL and NHPC both up three per cent each. Jubilant Lifesciences was up after the the Reserve Bank allowed foreign investors to invest up to 45 per cent in the company.

Tata Chemicals, Unitech and SKS Micro were the other shares that climbed in trade. Meanwhile, markets across Asia ended the day with the Shanghai Composite jumping a huge 1.77 per cent.